Delaware Life Insurance Practice Exam 2025 – The Complete Guide to Mastering Your Certification!

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What is a characteristic of Ordinary (straight) Whole Life Insurance?

Premiums vary based on age

Benefits and premiums remain level throughout the insured's life

One of the key characteristics of Ordinary (straight) Whole Life Insurance is that both the premiums and the death benefits remain level throughout the insured's entire life. This means that the policyholder pays a consistent premium amount annually, and the death benefit is guaranteed to stay the same from the start of the policy until the insured's death, as long as premiums are paid.

This stability makes Ordinary Whole Life Insurance appealing to individuals seeking predictable long-term financial planning. The steady premiums and guaranteed death benefits contrast with other types of life insurance that may have fluctuating premiums or reduce benefits over time. This predictability allows policyholders to budget their finances better and provides peace of mind knowing that their beneficiaries will receive the promised death benefit regardless of when the insured passes away.

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It does not provide death benefits

Death benefits only apply if the insured dies before age 65

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